Helioslough Acquires New Site

Slough Estates PLC
03 February 2006

3rd February 2006

                   HELIOSLOUGH ACQUIRES CHORLEY SITE FOR NEW
                          NORTH WEST DISTRIBUTION HUB

HelioSlough, the joint venture between Helios Properties and Slough Estates
International, has secured property on a former BAe Systems site in Chorley,
Lancashire - for a new 1.3 million sq ft (120,770 sq m) industrial/distribution
hub to serve the North West. HelioSlough has made an initial purchase of 13.2
acres (5.3 hectares) for £3.3m. HelioSlough has contracted on further land which
can be drawn down, up to a total of 75 acres (30 hectares). Subject to a range
of conditions, the additional land could be secured on the same price basis
(indexed) over the next few years.

HelioSlough acquired the site, one of 12 designated as strategically important
to the region, after fierce competition from other developers. Outline planning
consent already exists for the development and HelioSlough plans to start work
on two buildings of 200,000 sq ft (18,580 sq m) and 100,000 sq ft (9,290 sq m)
in the summer.

Andy Gulliford, Director, Corporate Acquisitions at Slough Estates, comments:

'The site's strategic location, so close to the M6 and the North West's major
conurbations, will make the development one of the most significant distribution
hubs in the region.'

The site is located half a mile from junction 8 of the M61 and two miles from
J28 of the M6, next to Buckshaw Village, the largest mixed-use development in
the North West with 2,000 homes.

King Sturge advised HelioSlough and Lea Hough & Co represented BAe Systems.

The joint venture recently formed a partnership with BA Pension Fund for part of
its Wynyard development in the north east, purchased a major new opportunity in
Stoke and sold the last building at its Traxpark scheme in Doncaster for £10.2m.


                                     -ends-


For more information, please contact:

Slough Estates plc
Michael Waring                                           Tel [phone]
                                          
Maitland  
Colin Browne/Liz Morley/Peter Ogden                      Tel [phone]

HelioSlough
Mike Hughes                                              Tel: [phone]
Ian Purvis, Porterfield PR                               Tel: [phone]


Notes to editors:

Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America, with over 1500 customers occupying
approximately 3m square metres of business space. Slough Estates' properties are
in suburban locations in close proximity to the main business centres, where
there is long term demand for business accommodation to serve these key economic
regions. The company's main activities are currently based around London,
Brussels, Paris, Dusseldorf, Amsterdam, San Francisco and San Diego and the
company continues to develop new business parks with the long term objective of
building shareholder value and enhancing its reputation for quality buildings
offering excellent value to customers. www.sloughestates.com





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